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Mais Oui! French Prez Is Friend to Business

Sarkozy embraces entrepreneurs, pushes limits on worker's rights

By Heather McPherson,  Newser User

Posted Jul 28, 2007 7:42 AM CDT

(Newser) – France could see a longer work week and new limits on workers' right to strike if President Nicholas Sarkozy gets his way. He's already reduced wealth taxes on certain investments and practically eliminated the inheritance tax, the Los Angeles Times reports. But supporters insist he will not erode social benefits or copy the freewheeling American style of capitalism.

Entrepreneurs are thrilled at the President's proposed reforms, noting that it's extremely expensive to run a small- to medium-sized company in France. But the next part of Sarkozy's grand plan is bound to encounter more resistance: He wants a bill that would guarantee minimum transportation service during labor strikes, plus 2-days notice of intention to strike.

French President Nicolas Sarkozy, right, gestures as he speaks to journalists during a press conference while former Prime Minister Edouard Balladur  stands next to him at the Elysee Palace Wednesday, July 18, 2007. Sarkozy's reform commission who met today for the first time wants to modernizing France's political institutions. First...
French President Nicolas Sarkozy, right, gestures as he speaks to journalists during a press conference while former Prime Minister Edouard Balladur stands next to him at the Elysee Palace Wednesday,...   (Associated Press)
French President Nicolas Sarkozy, right, shares a word with Luxembourg's Finance Minister Jean Claude Juncker during a meeting of euro group finance ministers in Brussels, Monday July 9, 2007. France will tell other euro nations on Monday why it wants to back out of a deal for them all to...
French President Nicolas Sarkozy, right, shares a word with Luxembourg's Finance Minister Jean Claude Juncker during a meeting of euro group finance ministers in Brussels, Monday July 9, 2007. France...   (Associated Press)
French President Nicolas Sarkozy gestures as he addresses reporters during a press conference at the Elysee Palace in Paris, Tuesday, July 24, 2007. Sarkozy said Tuesday that neither the European Union nor France paid money to Libya for the release of five Bulgarian nurses and a Palestinian doctor sentenced to...
French President Nicolas Sarkozy gestures as he addresses reporters during a press conference at the Elysee Palace in Paris, Tuesday, July 24, 2007. Sarkozy said Tuesday that neither the European Union...   (Associated Press)
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